Thursday, July 21, 2005

Are Women Accumulating the Wealth?

Research published last month by Investec Private Bank showed that there are now an estimated 360,000 women in Britain who are worth half a million pounds (US$ 900,000) or more each.

Women are now living longer, inheriting valuable properties and other assets from their spouses and receiving generous divorce settlements. They own assets worth almost 300 billion pounds (US$ 540 billion) and their numbers are expected to increase rapidly. It is estimated that by 2025, women will own 60 per cent of the nation's personal wealth.

Is this trend taking place in the US? We may soon have a woman elected President. There are a number considering a run or actually running;